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Meta, BlackRock partner on $14 billion El Paso data center - The Economic Times
Meta Platforms and BlackRock are developing a $14 billion data center campus in El Paso, Texas. BlackRock-managed funds will own eighty percent of the venture, and Meta retains twenty percent. This significant investment fuels the global race to build essential artificial intelligence infrastructure. Meta plans to invest six hundred billion dollars by twenty twenty-eight for data center expansion.
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forbes.com
BlackRock Buys 80% Stake In New Meta Data Center
Meta stock plummeted almost 10% earlier this year—wiping $175 billion from its market cap—after the company hiked its expected capital spending for AI infrastructure.
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about.fb.com
Meta Announces New Strategic Venture With BlackRock to Develop Data Center in El Paso
Meta and BlackRock announce a venture to finance the development and operation of a data center campus in El Paso, Texas.
